164 STATE HOKTICULTURAL SOCIETY. 



REPORT OF THE TREASURER FOR 1S81. 



Mr. President and Members of the Society. — The year has been quite 

 a prosperous one financially, and I am glad to be able to report a handsome 

 amount on hand with which to open the work for the new year. The 

 following is a statement of the condition of the treasury to-day, with an account 

 of the year's transactions, beginning Dec. 8, 1880, and closing Dec. 7, 1881. 



RECEIPTS. 



Amounton hand Dec. 8, 1880 $557 51 



Keceived from, local societies 82 75 



Annual membership 189 00 



Interest on bonds 8 00 



Interest on mortgage (life fund) 140 00 



Eeceived from State Agricultural Society 1,036 64 



Keceived from H. Dale Adams 190 00 



Donation 50 



Total $3,204 40 



DISBURSEMENTS. 



Porty-nine checks paid during the year, aggregating $1,391 86 



GROSS RECEIPTS AND DISBURSEMENTS FOR 1881. 



Keceipts $2,204 40 



Disbursements 1,391 86 



Balance on hand Dec. 7, 1881 $812 54 



The above statement is entirely outside of the life membership fund, an 

 account with which is kept by itself, of which the following is a condensed state- 

 ment : 



Amount of life membership fund in my hands Dec. 8, 1880 $1,270 00 



Added during the year four members 40 00 



Total in my hands Dec. 7, 1881 $1,310 00 



The Secretary informs me that there are in all 166 life members, which 

 would at $10 each, give a fund of $1,660. The amount in my hands is $350 

 short of this amount, and I am told that this balance is covered by a certain 

 mortgage given by H. Dale Adams and held by our Business Committee. I 

 would recommend that the amount due the life fund be transferred from the 

 general fund, and that the Adams mortgage be placed to the credit of the 

 general fund.* The life fund in my hands is invested as follows : 



* On a subsequent page of this volume there appears action of the Executive Board, by ■which 

 the life fund, 51,660, is made whole. 



